It is much easier to get paid charge-offs removed than unpaid charge-offs. There is no incentive for the creditor to fight the dispute, since they already have their money. So if you dispute the charge-off, the credit bureaus will send a verification request to the creditor. Most often the creditor will ignore the verification request.…
One of the booming cottage industries that has emerged from the Great Recession is credit repair companies. Most are by the same people who flew the sub prime mortgage industry into the ground lying to home buyers about their ability to refinance out of a high cost mortgage into a more affordable long-term mortgage in…
Even if you use traditional credit very little, now you can build a good history by having your rent payments reported to the credit bureau.
The most widely used credit scores are FICO scores, which were developed by Fair Isaac & Company, Inc. (and they’re named after their inventor!)
many people don’t know is that recently the credit bureau changed how they handle credit inquiries and so now when you shop for a mortgage, even if multiple lenders review your credit they will all see the same scores and information so long as the last credit inquiry is within 14 days of the first.